The report on the Sodium Hypochlorite Market published by Stratview Research covers in depth details associated with the Sodium Hypochlorite Market.
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The Sodium Hypochlorite Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Sodium Hypochlorite Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Sodium Hypochlorite Market:
AGC Chemicals
AkzoNobel
Arkema
BASF SE
Hawkins, Inc.
INEOS
Olin Corporation
Solvay
Sumitomo Chemical Co., Ltd.
Sunbelt Chemical Corporations.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Sodium Hypochlorite Market value and growth drivers over the trend period of 2022-27. According to the report –
Sodium Hypochlorite Market is likely to witness an impressive CAGR of 5.3% during the forecast period. The increase in consumption of sanitization products and the growing water treatment chemical market are the key factors fueling the growth of the market during the forecast period.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as agriculture, chemical, water treatment, textile, household, and others. Water treatment is estimated to be the largest application type in the market during the forecast period. Many countries are facing the issue of water scarcity due to which governments are taking various initiatives to reuse the wastewater from municipality as well as industry. This factor is also helping to maintain an ecological balance, fueling the overall industry growth during the forecast period.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period owing to the increasing consumer awareness regarding health and hygiene and growing demand for wastewater treatment in the region. India, China, Japan, and South Korea are the major contributors in fueling the growth of the regional market. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Critical Questions Answered in the Report
• What are the key trends in the Sodium Hypochlorite Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on Sodium Hypochlorite Market?
• What are the key strategies adopted by the major vendors to lead in the Sodium Hypochlorite Market?
• What is the market share of the top vendors?
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